Consumer Affairs: Prices remained same after recent floods

The Consumer Affairs Division of the Ministry of Trade and Industry says prices of food have remained the same following the recent floodings.

The division says that as part of its mandate to ensure fair pricing in the marketplace has been monitoring the prices of items at supermarkets in Trinidad. 

It says a review of supermarket prices prior to, and following the flooding in October 2018 has revealed that the vast majority of prices of items remained the same.

In a statement it issued on Friday, the division said that during the exercise it was noted that very few price increases were observed but these were determined to be normal changes and not necessarily because of the action by merchants in response to floods.

Some items also decreased in price which is due to specials offered by vendors.

It notes that between October 10th and 18th 2018, the Consumer Affairs Division conducted a retail price survey of 118 selected food items across 39 supermarkets in 20 areas in Trinidad.

The statement says that selected products, which impact consumers across all income groups, were derived from a basket of goods survey conducted by the Consumer Affairs Division of the Ministry of Trade and Industry in 2014.

The Division says it continues to use this basket of selected goods to monitor prices on a monthly basis.

On October 19th 2018, constant rainfall throughout the day caused severe flooding in several communities in Trinidad.

Due to the floods and the relief efforts that followed, there were concerns that supermarkets would raise prices of certain commodities which were in high demand.

With this in mind, the CAD conducted a post-flooding survey between October 29th and 31st of 65 items, the prices of which may have been affected by the recent flooding. 

 

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